- The price of Dogecoin has decreased by a stunning 10% in the last 24 hours.
- Large corporations cannot conduct mass layoffs without providing 60 days’ notice.
Because of Elon Musk’s decision to fire 3,700 workers, Twitter is facing a class action lawsuit. The complaint filed in federal court in San Francisco claims that Twitter workers were informed of the layoffs by email yesterday with no prior warning. Some former and current Twitter employees claim the company broke federal and California laws.
Large corporations cannot conduct mass layoffs without providing at least 60 days’ notice, according to the federal Worker Adjustment and Retraining Notification Act.
Struck by Outage
Also, the action asks the court to impose an order mandating Twitter’s compliance with the WARN Act. Further, the petition requests the court to prevent the corporation from compelling or coercing workers into signing agreements waiving their right to participate in the lawsuits.
Those who will remain with Twitter will get an email with further details later today. But those who are being laid off will be notified by email. With Elon Musk at the helm, some Twitter workers can’t wait to get out. They consider the environment to be quite hostile at work at this point and plan to cash up their severance and leave.
Over the course of the last day, the cryptocurrency market as a whole has shown some signs of improvement. The current value of the market is above $1 Trillion. The price of Dogecoin, the most popular meme currency, has decreased by a stunning 10% in the previous day. Elon Musk’s plan to mass lay off Twitter staff coincided with the price reduction and outage.
Recommended For You:
Leading Twitter Advertisers Pause Campaigns Following Musk Takeover